Azucar Minerals (Azucar Minerals) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Azucar Minerals Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Azucar Minerals's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Azucar Minerals could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

The historical rank and industry rank for Azucar Minerals's Cash-to-Debt or its related term are showing as below:

AXDDF' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 9 years, Azucar Minerals's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

AXDDF's Cash-to-Debt is ranked better than
99.92% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.81 vs AXDDF: No Debt

Azucar Minerals Cash-to-Debt Historical Data

The historical data trend for Azucar Minerals's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Azucar Minerals Cash-to-Debt Chart

Azucar Minerals Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Azucar Minerals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Azucar Minerals's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Azucar Minerals's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Azucar Minerals's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Azucar Minerals's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Azucar Minerals's Cash-to-Debt falls into.

Azucar Minerals Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Azucar Minerals's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Azucar Minerals had no debt ⁽¹⁾.

Azucar Minerals's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Azucar Minerals had no debt ⁽¹⁾.

Azucar Minerals (OTCPK:AXDDF) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Azucar Minerals Cash-to-Debt Related Terms

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Azucar Minerals (Azucar Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Azucar Minerals Ltd (OTCPK:AXDDF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

28X:Germany AMZ:Canada

Address

1333 Johnston Street, Suite 210, Vancouver, BC, CAN, V6H 3R9

Website

https://www.azucarminerals.com

Azucar Minerals Ltd is an exploration company. The company is focused on the exploration of its El Cobre gold-copper porphyry project in Veracruz, Mexico. The company operates in one reportable operating segment, the acquisition and exploration of mineral resource properties in Canada, the United States, and Mexico.